Wellington, July 12 (ANI): Nokia has reportedly come up with its latest Nokia Lumia smartphone with a 'smarter camera' that tops many point-and-shoot imaging devices.

According to Stuff.co.nz, Nokia Lumia 1020 phone has a 41-megapixel sensor and image-stabilizing technology which is otherwise not common in smartphones.

Nokia's marketing executive Chris Weber said that this new phone will make point-and-shoot cameras obsolete.

According to the report, the new phone runs Microsoft's Windows Phone system, which is far behind the iPhone and Android devices in usage.

The Lumia 1020 will be available in the US on July 26 from around 299 dollars and will be made available in China and Europe by September.

Nokia reigned as the leading phone maker for 14 years, until early last year when Samsung took the top spot. Among smartphones, the lucrative business for phone makers, Nokia doesn't even rank in research firm IDC's top 5.

The Lumia 1020 can be set as high as ISO 3200, which is higher than the typical camera phone.

The phone records two versions of each image one in full resolution which can be zoomed or cropped or download to a computer to make large prints and other version equivalent to 5 megapixels which can be shared on Facebook or Instagram.

The US version syncs with Microsoft's SkyDrive and ATandT's Locker storage services.

Nokia is also selling a Camera Grip attachment for 79 dollars, offering extended battery life and a case that makes one feel as if holding a regular point-and-shoot camera, and it can be used to attach the phone to a tripod as well, the report added. (ANI)

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